[Date Prev][Date Next][Thread Prev][Thread Next][Date Index ][Thread Index ]

Newswires



China, Burma Leaders Agree To More Trade
 
   BEIJING (AP-DJ)--China's president and the leader of Burma's ruling =
military
council agreed Monday to expand trade ties. 
   To that end, President Jiang Zemin and General Than Shwe witnessed =
the
signing of two agreements on Chinese loans and on economic and technologi=
cal
cooperation, China's official Xinhua News Agency reported. 
   Xinhua did not provide details on the documents nor on a third agreeme=
nt on
cultural exchanges. The countries had been discussing Chinese help in =
building
a cement plant, a hydroelectric power station and an international airpor=
t near
Rangoon, Burma's capital. 
   Jiang told Than Shwe, chairman of Burma's State Law and Order Restorat=
ion
Council, that China will encourage its enterprises to do business with =
Burma,
Xinhua said. The news agency reported that Than Shwe called for more trad=
e
between the countries. 
   Two-way trade was estimated to have reached $600 million last year, =
a 17%
jump over 1994. 
   The two leaders also discussed political ties and international and =
regional
issues, Xinhua said. 
   Than Shwe arrived late Sunday for a six-day visit. He's accompanied =
by
Lieutenant General Khin Nyunt, secretary of the SLORC, Burma's foreign =
minister
and five other top generals. 
   (END) AP-DOW JONES NEWS 08-01-96
   1056GMT



Japan/Marubeni/Myanmar -2: For 200 Construction Machines
 
   TOKYO (AP-DJ)--Marubeni Corp., a leading Japanese trading company, =
received a
2.6 billion yen order for construction machinery from the government of =
Burma,
a Marubeni spokesman said Monday. 
   The spokesman said the order for 200 construction machines - including
bulldozers and oil pressure shovels - will be distributed to Burma's Mini=
stry
of Construction. The equipment will be used to build infractructure. 
   The latest order is the largest construction-machinery deal signed =
between
Myanmar and a foreign company, the Marubeni spokesman said. Since Myanmar=
 is
barred from receiving official development loans from the Japanese govern=
ment,
Marubeni will provide financing assistance through a three-year deferred
payment arrangement for the machinery, the spokesman added. 
   The latest order came after Marubeni and Myanmar reached a comprehensi=
ve
agreement in February 1995 which covers development of infrastructure =
in
Myanmar. 
   In trading on the Tokyo Stock Exchange Monday, shares of Marubeni were
unchnaged at 576 yen in the morning dealings. 
   (END) AP-DOW JONES NEWS 07-01-96
   0330GMT




Burma's Suu Kyi Says Inflation Has Left Many Hungry
 
   BANGKOK (AP-DJ)--Raging inflation has left many Burmese families with =
nothing
to eat, and others consuming meals that are a health hazard, Aung San =
Suu Kyi
said in a newspaper column on Monday. 
   Suu Kyi, who is the foremost figure in Burma's struggling democracy =
movement,
writes a column called 'Letter from Burma,' once a week for the Mainichi =
Daily
News in Japan. This week's column, entitled 'Breakfast Blues,' was seen =
by The
Associated Press in Bangkok. 
   'One of the most popular topics of conversation in Burma today is the =
rampant
inflation,' Suu Kyi wrote. Burmese people talk about inflation 'indignant=
ly,
incredulously, furiously,' she said. 
   She added that many families couldn't afford meat and were forced to
substitute cooking ingredients such as peanut oil with items such as palm=
 oil
or monosodium glutamate. 
   This has made meals 'not just unsatisfactory but also something of =
a health
hazard,' she wrote. 
   (END) AP-DOW JONES NEWS 08-01-96
   1226GMT